Page 12 - BOD 4-20-17

CBA Board of Directors, CBA office, Thursday, April 20, 2:00pm-4:00pm Page 12.

Federal Issues

ABA GOVERNMENT RELATIONS SUMMIT, 3/20-22/17
• 13 Colorado participants – CBA, ANB Bank, Valley Bank (Brighton) and especially FirstBank
• Priority issues
➢ TAILOR – need systemic approach to regulatory relief
➢ Portfolio exceptions for QM/ATR – need relief for customers who have been hurt
➢ Durbin interchange – end the price controls that have damaging consequences
➢ CFPB – provide moderate stability for realistic regulations – probably a board for policy and
Congressional review of budget (many scenarios below)
• Congressional meetings
➢ 4 key ones
▪ Sen. Gardner – with us all the way, will sponsor TAILOR and portfolio when introduced
▪ Sen. Bennet – said would sponsor TAILOR, confirming
▪ Rep. Tipton (sponsor of TAILOR) – with us all the way
▪ Rep. Perlmutter – (great mood) said would sponsor TAILOR, confirming; open on portfolio
➢ Others
▪ Rep. Coffman – with us all the way, will sponsor TAILOR
▪ Rep. Lamborn – with us all the way, will sponsor TAILOR
➢ Missed
▪ Rep. DeGette – will be challenge, only customer impact will sway
▪ Rep. Polis – will be challenge, only customer impact will sway
▪ Rep. Buck – we are confident he is with us all the way, presume will sponsor TAILOR
• Outlook
➢ Various forms of regulatory relief can easily pass the House; challenge is getting 60 votes in
Senate
➢ Have 52 GOP, and need 8 Dems – targets in other states
▪ Dem U.S. Senators up for election in 2018 from Trump states: WV Manchin (Trump +42 points),
ND Heitkamp (36), MT Tester (20), IN Donnelly (19), MO McCaskill (19), OH Brown (ranking
member, 6), FL Nelson (1), PA Casey (1), WI Baldwin (1), MI Stabenow (.02)
➢ Good support from Administration but irrelevant to getting 8 Dems
➢ CBA focus on Democrats

Key Question/Action – Are there other things CBA should be doing?

ISSUES
• TAILOR
• Portfolio – QM/ATR
• Durbin
• CFPB
• Other issues
➢ Tier 1 issues in Congress: healthcare reform, tax code, immigration, trade policy,
infrastructure, regulatory relief
➢ Miscellaneous banking issues: Ability-to-Pay/Qualified Mortgages, Americans with Disabilities Act,
AML/Bank Secrecy , Anti-Money Laundering, Appraisals, Bad Debt Chargeoffs, Banks as End-Users, Basel III
Capital, Captive Insurance, CFPB and Insurance Regulation, Community Reinvestment Act, Compensation,
Conclusive Presumption of Worthlessness, Corporate Account Takeover, Corporate Trust , Credit CARD Act ,

Colorado Bankers Association 140 East 19th Avenue, Suite 400, Denver, Colorado 80203
Phone: 303.825.1575, Fax:303.825.1585, www.ColoradoBankers.org, www.SmallBizLending.org, www.FinancialInfo.org
Creating a stronger economy and helping Coloradans realize dreams by building better banks.